myanmar

MEKONG ECONOMICS

Quick scan compliance cost for business selected legal domains

This project consisted of a quick scan of compliance cost for business caused by a selection of (potentially) burdensome legal domains. This was the first practical step of component one of the Vietnam Private Sector Support Program 1) Simplification and strengthening of the SME environment at the provincial level. Within the quick scan, indicative estimations were made of the compliance cost on business of several legal domains. The main purpose of this activity was to provide input for the selection of four main regulatory domains for a detailed baseline measurement using the Mistral methodology at a later stage in the Program.

The project had three primary objectives: 1). Give a set of recommendations for policy-makers and for garment business managers, which would spill over to the development of other industries in terms of both government policy and business managerial procedures. The scope and approach of governmental intervention on the garment sector provided lessons for policy-makers to apply to other sectors such as furniture, footwear and food processing sectors. 2). Contribute to the understanding that governmental intervention can reduce the negative effects of globalization while strengthening the benefits of liberalization, which is a controversial topic among international scholars 3). Propose policies and strategies to help Vietnam’s garment firms to overcome the challenges of the changes in international trade regimes.